Qualcomm seeks to strengthen its wearables arm with a new Ecosystem Accelerator Program
Qualcomm is one of the main players in the wearable-specific SoC market, and as such now estimates it has shipped more than 40 million units across over 100 countries. It has integrated its chipsets into devices from 75 or more OEMs, and has worked with 25+ service providers worldwide.
This has all happened within a market that has grown 21% year-over-year (YoY), according to the latest estimates. Nevertheless, it is possible that there is room for improvement in the segment. This may be why Qualcomm has set up the Ecosystem Accelerator Program as part of its latest panel of investment in the business.
It is apparently geared toward bringing companies involved in every area of wearable production, from ODMs to software vendors, together for events involving discussion, training, innovation-sharing, presenting concepts and product launches.
Qualcomm projects that this will lead to the development of improved, more powerful and more useful wearables in the future. Currently, it claims that 60 or more prevalent companies or groups, BBK Electronics, ARM, Fossil, Verizon and Vodafone included, are now members of the Accelerator Program.